Projection of some HARMONIC Pattern.
All Plotted in Chart.
Trade setup on Query / in Market hour when opportunity comes.
For FnO strategy: On QUERY.
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Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
Consider the following points to your research in Bhart Forg
1. From Rs 720 it is completed 5 waves
2. 50% of 5th wave is not sustained.
3. Its Resistance range is Rs. 1220 to 1265 (only above Rs.1265 buy can be recommended)
4. Chance to retest 960 levels (50% last full wave)
5. It is under performing the index in last 2 days
Question arises in
#1. In Corrective Wave, there is 2 DN & 1 UP.
#2. In Impulsive Wave (in DN trend) there is 3 DN & 2 UP.
#3. Can Use Wave theory in three other aspect (parameter) also. Like "Aggressive", "long term" "short term". you can find in "eSignal Advance Get".
Crieteria differs in each Aspect.
Finally, you mentioned @ 1265 as resistance & @ 960 as Support, so Diff between Close to Supp. => 157 point & RES. to Close => 148 point.
So you have to search other parameters. MACD known as LAGGARD indicator, for +VE Cross-Over of MACD like "LAGGARD indicator" always indicates UP trend.
Go for other Oscillators & Indicators also.
before "Bearish CRAB" @ 1302.70, another pattern is there "Bearish GARTLEY" Completed @ 1173.70 (+5% from Current Level, Risk Reward ratio Less than 1), & other many more levels.